Barings BDC, Inc. (BBDC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BBDC SEC filings page.
This page shows Barings BDC, Inc. (BBDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported figures depict an investment vehicle with broadly stable assets, rising debt, and distributions exceeding annual earnings.
From FY2024 to FY2025, operating cash flow increased to$160.5M while net income declined to$101.9M , showing that reported cash generation moved differently from accounting earnings. Over the same period, long-term debt rose to$1.2B as total assets fell to$2.6B , indicating greater debt support for a slightly smaller asset base.
FY2025 dividends paid were
Debt-to-equity reached 1.0x in FY2025 from 0.9x in FY2024, while liabilities represented
Financial Health Signals
Barings BDC, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Barings BDC, Inc. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Key Financial Metrics
Earnings & Revenue
Barings BDC, Inc. earned $0.28 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 12.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Barings BDC, Inc. held $69.9M in cash against $1.1B in long-term debt as of Q2 2026.
Barings BDC, Inc. paid $0.26 per share in dividends in Q2 2026. This represents a decrease of 16.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
Barings BDC, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
BBDC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $1.9M-16.0% | $2.3M+36.7% | N/A | $1.9M-21.9% | $2.3M-2.1% | $1.7M-36.7% | N/A | $2.4M+2.7% |
| Interest Expense | $19.9M-10.1% | $18.9M-6.2% | N/A | $21.5M-4.7% | $22.2M+6.7% | $20.2M-4.2% | N/A | $22.6M+3.4% |
| Net Income | N/A | $20.0M-38.6% | N/A | N/A | N/A | $32.6M-26.0% | N/A | N/A |
| EPS (Basic) | $0.280.0% | $0.25 | $0.27-3.6% | $0.32+10.3% | $0.28-30.0% | $0.25-10.7% | $0.28-9.7% | $0.29-6.5% |
| EPS (Diluted) | $0.280.0% | $0.25 | $0.27-3.6% | $0.32+10.3% | $0.28-30.0% | $0.25-10.7% | $0.28-9.7% | $0.29-6.5% |
| Diluted Shares (Avg) | 105M-0.5% | 105M | N/A | 105M-0.5% | 105M-0.6% | 105M-0.6% | N/A | 106M-0.8% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Income Tax.
BBDC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.6B-7.5% | $2.6B-6.8% | $2.6B-2.2% | $2.8B+8.3% | $2.8B+7.3% | $2.8B+3.4% | $2.7B+0.7% | $2.6B-5.0% |
| Cash & Equivalents | $69.9M+41.9% | $95.7M-4.9% | $66.8M-26.9% | $83.2M+26.1% | $49.3M-41.6% | $100.6M+56.9% | $91.3M+29.5% | $66.0M+32.6% |
| Total Liabilities | $1.4B-11.1% | $1.4B-9.7% | $1.5B-2.0% | $1.7B+17.3% | $1.6B+15.4% | $1.6B+7.8% | $1.5B+1.6% | $1.4B-8.6% |
| Long-Term Debt | $1.1B+9.4% | $1.1B+10.2% | $1.2B+18.9% | $1.3B+23.9% | $1.0B+1.2% | $1.0B+0.7% | $1.0B+40.4% | $1.0B+41.8% |
| Total Equity | $1.1B-2.5% | $1.2B-3.0% | $1.2B-2.5% | $1.2B-2.3% | $1.2B-2.2% | $1.2B-1.9% | $1.2B-0.5% | $1.2B-0.3% |
| Retained Earnings | -$718.4Mn/m | -$709.5Mn/m | -$702.3Mn/m | -$677.9Mn/m | -$668.9Mn/m | -$656.8Mn/m | -$656.7Mn/m | -$655.1Mn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Goodwill, Current Liabilities, Non-Current Liabilities.
BBDC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.8Mn/m | $68.0Mn/m | $204.5Mn/m | $16.5M-31.7% | -$52.7M-138.1% | -$7.8M-258.5% | -$45.2M-132.5% | $24.1Mn/m |
| Financing Cash Flow | -$41.6M-3167.5% | -$39.1M-329.4% | -$221.0M-413.4% | $17.5Mn/m | $1.4Mn/m | $17.0Mn/m | $70.5Mn/m | -$42.5M-1089.8% |
| Dividends Paid | $27.2M-16.6% | $27.2M-16.7% | $27.3M-0.4% | $32.6M+18.6% | $32.6M+18.5% | $32.7M+18.5% | $27.4M-0.8% | $27.5M-0.7% |
| Share Buybacks | $0-100.0% | $0-100.0% | $4.0M+173.0% | $0-100.0% | $888K-53.5% | $1.5M+31.1% | $1.5M-62.5% | $2.0Mn/m |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow.
BBDC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | 1.7%-1.0pp | N/A | N/A | N/A | 2.7%-0.9pp | N/A | N/A |
| Return on Assets | N/A | 0.8%-0.4pp | N/A | N/A | N/A | 1.2%-0.5pp | N/A | N/A |
| Debt-to-Equity | 0.98+0.1x | 0.97+0.1x | 1.04+0.2x | 1.08+0.2x | 0.870.0x | 0.860.0x | 0.85+0.2x | 0.85+0.3x |
| Liabilities-to-Equity | 1.26-0.1x | 1.25-0.1x | 1.270.0x | 1.42+0.2x | 1.38+0.2x | 1.35+0.1x | 1.260.0x | 1.18-0.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Barings BDC, Inc. BBDC | FY2025 | N/A | $101.9M | N/A | $870.1M | — |
| Bain Capital Specialty Finance, Inc. BCSF | FY2025 | N/A | $98.8M | N/A | $653.2M | — |
| NEW MOUNTAIN FINANCE CORPORATION NMFC | FY2025 | N/A | $16.5M | N/A | $630.0M | — |
| Kayne Anderson BDC, Inc. KBDC | FY2025 | N/A | $93.7M | N/A | $842.6M | — |
| PennantPark Floating Rate Capital Ltd. PFLT | FY2025 | N/A | $66.4M | N/A | $633.0M | — |
Where Barings BDC, Inc. Ranks
Frequently Asked Questions
Is Barings BDC, Inc. profitable?
Yes, Barings BDC, Inc. (BBDC) reported a net income of $101.9M in fiscal year 2025.
How much debt does Barings BDC, Inc. have?
As of fiscal year 2025, Barings BDC, Inc. (BBDC) had $66.8M in cash and equivalents against $1.2B in long-term debt.
Does Barings BDC, Inc. pay dividends?
Yes, Barings BDC, Inc. (BBDC) paid $1.19 per share in dividends during fiscal year 2025.
What is Barings BDC, Inc.'s return on equity (ROE)?
Barings BDC, Inc. (BBDC) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Barings BDC, Inc.'s operating cash flow?
Barings BDC, Inc. (BBDC) generated $160.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Barings BDC, Inc.'s total assets?
Barings BDC, Inc. (BBDC) had $2.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Barings BDC, Inc.'s debt-to-equity ratio?
Barings BDC, Inc. (BBDC) had a debt-to-equity ratio of 1.04 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Barings BDC, Inc.'s liabilities-to-equity ratio?
Barings BDC, Inc. (BBDC) had a liabilities-to-equity ratio of 1.27 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Barings BDC, Inc.'s return on assets (ROA)?
Barings BDC, Inc. (BBDC) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Barings BDC, Inc.'s P/E ratio?
Barings BDC, Inc. (BBDC) trades at 8.5x earnings, its market capitalization divided by $101.9M net income, FY2025. The market capitalization is $870.1M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Barings BDC, Inc.'s price-to-sales ratio?
Barings BDC, Inc. (BBDC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $870.1M as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Barings BDC, Inc.'s Piotroski F-Score?
Barings BDC, Inc. (BBDC) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.